Word: contend
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...retaliation at the polls because of higher prices, the Democrats have failed to pass an alternative program. Last week Ford announced that he would decontrol the price of oil over a 30-month period; once again, the Democrats reacted negatively by threatening to vote against the move. They contend that removal of controls would add to inflation and unduly reward the oil companies. But there is a certain amount of give in the position of both sides; eventually a compromise is likely to be hammered...
Book Notes. The verdict apparently will hinge largely on whether the jury is most persuaded by Joan, who may be impressive on the stand, or by the state's circumstantial evidence. The state will stress a note that Joan made in a crossword-puzzle book, which it will contend indicates she intended to escape. The defense will insist that the note referred to her hope for release on bail while appealing her conviction...
...much in short supply as inefficiently used; for evidence, they point to the overbuilding of shopping centers and vacation condominiums. Conservatives, meanwhile, maintain that an allocation system is unworkable and would cripple the capitalist system-the jugular vein of which is the free movement of money. Moreover, they contend that the real need is for more investment. Among their proposals: lowering the capital gains tax and allowing companies to depreciate their plant and equipment faster and deduct dividends as an expense -thereby releasing more corporate funds for investment...
Inflationary recession is only the most imminent danger; there are longerrange, subtler perils too. Within many a capitalist country, the free market is being steadily hemmed in by the power of omnipresent government regulators, mass unions and giant corporations. Meanwhile, many intellectuals?and young people?contend that capitalism at best can build only a rich, not a just society. In January seven Nobel prizewinners, including Economists Gunnar Myrdal and Kenneth J. Arrow, signed a declaration condemning Western capitalism for bringing on a crisis by producing "primarily for corporate profit." They called for an intensive search for "alternatives to the prevailing...
...defend inequality on two grounds. Economist Friedrich A. Hayek, a Nobel Laureate, argues persuasively that the only alternative to the market's unequal apportionment of rewards is distribution of income on the basis of each person's moral worth?and who could possibly judge that fairly? Pragmatically, many theorists contend that inequality is necessary to reward with high income the initiative that produces economic growth. They add that growth makes the poor if not nearly equal to the rich, at least better off than they would be in a stagnant economy that distributed wealth equally. According to Economist Otto Eckstein...